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From Tech Crunch

Come 12:01 AM on Saturday, they’ll be open to all. So choose wisely when you pick a name — or it could well end up like that tattoo you regret later in your life if you pick something like “mileycyrusfanforever.” Facebook notes this in their own way:

Think carefully about the username you choose. Once it’s been selected, you won’t be able to change or transfer it. If you signed up for a Facebook Page after May 31 or a user profile after today at 3 p.m. EDT, you may not be able to sign up for a username immediately because of steps we’ve taken to prevent abuse or “squatting” on names.